作者: Vladislav Valentinov , Jana Fritzsch
关键词:
摘要: This paper questions the designation of cooperatives as hybrids market and hierarchy on grounds that possess more differences from these governance mechanisms than commonalities with them. It is argued definition a mechanism’s hybridity depends continuum, conventional market-hierarchy continuum failing to accommodate specificity cooperative organization. Utilizing logic property rights theory firm, develops an alternative for cooperative, hierarchical, These are shown exhibit growing difference in extensiveness assigned involved contractual parties. does not imply cooperatives; rather, it locates between The empirical validity new confirmed by results survey members several Ukrainian rural cooperatives.